Investment in railways not only benefits those who use and build trains but can also have a huge impact on the area. Just look at the effect Crossrail has had and continues to have on house prices in the areas it touches.
When it is easier for people to move around and get from place to place, more people and businesses are attracted to and move into the area. The knock on effect of investment in railways is felt across industry and locations. Watch out for these developments in the next three years as they are bound to be potential investment hot spots.
Much has been talked and written about regarding Crossrail. While Thameslink will make travelling between the North and South of London easier, Crossrail will improve journeys for those travelling through London from the west to destinations to the city’s east. Work is not due to be completed until 2019 and will then connect 40 stations, the tube, and other transport links. Investment in the areas long the Crossrail route is already being seen.
Trains should be running every 2 – 3 minutes improving the speed with which people can move around. London Bridge station, which is the UK’s 4th busiest, will be rebuilt to allow up to 18 trains an hour. Work is due to be completed in 2018. The improvement to stations will provide improved journeys for all travelling to the city from surrounding counties.
EGIP (Edinburgh Glasgow Improvement Programme)
The proposed improvement to the Edinburgh/Glasgow line will provide a more reliable service, electrifying the 150 km single track line from Edinburgh to Glasgow and onto Stirling and Dunblane. The development will also see a new station (Edinburgh Gateway) a new electric depot (Millerhill), redevelopment of the Cumbernauld, Haymarket and Queen Street stations and extension of the platforms at Croy, Falkirk High, Linlithgow and Polmont stations. The journey between the two cities will be reduced to just 42 minutes and is hoped will reduce road travel and in turn omissions. Investment and employment opportunities should benefit the surrounding areas as commuter times decrease.
Upgrading this route will mean more reliable links, shorter journey times and improved stations. Work on this project has been going really well with Reading station opening a year ahead of schedule and the rest of the project due for completion in 2020. The Great Western Line is one of the oldest railways in the UK and the electrification of the line will lower carbon emissions and make the service more reliable. In turn, it is anticipated that it will attract investment and growth n the regions along its way.
Author: Katherine Hunter